Industry Dismayed by GST Council’s Decision to Impose 28% Tax on Online Gaming
The 50th meeting of the Goods and Services Tax (GST) Council has decided to impose a 28% GST on the entire face value of online gaming. However, the gaming community, who had been anticipating this decision, views it as a disadvantage. Finance Minister Nirmala Sitharaman stated at a press conference that online gaming, horse racing and casinos will be taxed at 28 percent. There will be some changes in the GST Act to include online gaming, he added. However, Roland Landers, CEO of The All India Gaming Federation, stated that…
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